$4$ pes

Which of the following statements is CORRECT?

A change in a compants tanget capital structure cannot affect its WACC

WACc calculations should be based on the before$-$tax costs of all the individual capital components

Flotation costs associated with issuing new common stock normally reduce the WACC

If a company's tax rate increases, then, holding all else equal, its weighted average cost of capital will decline.

This is not the answer.

$4$ pts